28th May 2020
Accreditation will now allow The FSE Group to issue loans from the Midlands Engine Investment Fund (MEIF) Debt Fund backed by a CBILS guarantee.
Furthermore, following the launch earlier this year of a further £40million MEIF Debt Fund by the British Business Bank, appointed fund manager, The FSE Group, is now delighted to introduce the team managing the fund.
The additional Midlands Engine Investment Fund (MEIF) money provides loan funding between £100,000 and £1.5million to small and medium enterprises (SMEs) based across the whole of the Midlands area, to facilitate growth. This latest phase of investment addresses regional demand for alternative debt finance options and brings the number of MEIF funds to seven, with The FSE Group working alongside six other MEIF fund managers.
The FSE Group’s MEIF team is led by Andy Moss. Andy comes to FSE from Lloyds, where he has spent more than 34 years building a strong network in the finance community across the Midlands region. He has led teams across the SME sector, where he specialised in manufacturing and for the last 3 years, worked with large corporates.
Andy is joined by four fund managers and a fund executive, who are working to deliver investments to growing businesses across the whole of the Midlands region:
The FSE Group’s CEO, Paul Marston, said: “We are delighted to welcome Andy to FSE and our Midlands team. The FSE Group has been specialising in SME lending, with a particular focus on managing government and public sector intervention funds, since 2002. Andy’s commercial lending expertise, combined with his regional knowledge is a great fit and a welcome addition, which will be put to good use managing the team and supporting growing SMEs throughout the Midlands.”
Andy Moss, Head of Funds for the Midlands at The FSE Group, added: “The FSE Group is a niche lender with a unique approach, focusing on business potential, rather than security available, to help growing businesses reach their full potential. I am excited to be part of this dynamic team and look forward to leading the successful delivery of this latest MEIF funding
Grant Peggie, Director, British Business Bank, also commented: “It’s great to see The FSE Group now have a full team in place to work on MEIF, headed up by Andy, who we look forward to working with. MEIF is still very much open for business, especially at a time when businesses are reaching out even more for financial support. We are pleased that The FSE Group also now join our other regional fund managers, BCRS Business Loans and First Enterprise as an accredited lender under the Coronavirus Business Interruption Loans Scheme.”
The Midlands Engine Investment Fund are supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
If you would like to meet with one of our appointed Fund Managers to talk in more detail please go to Funds Available to find the Fund Managers operating in your area
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